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$306,840

2005 Spring Mills Rd, Mesquite, TX, 75181

SoldInfo
10/05/26
Beds3 Beds
Baths2 Bath
Baths1,978 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.58 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Gas Range, Microwave

Exterior

Lot Size4,620 sqft

Building Information

Year Built1989
Stories2
Roof Type105
Garage Spaces2

Land Information

APN382249500T0370000
Lot Number37
SubdivisionValleycreek
Land UseResidential
Legal DescriptionVALLEYCREEK ESTATES PH 1 REV BLK T LOT 37 VOL2003078/2846 DD04152003 CO-DC 2249500T03700 3382249500T
Census Tract017314
Assessed Land Value$74,750
Assessed Improvement Value$232,090
Assessment Year2025

About this property

Opportunity for investor or first-time homebuyer at Valley Creek Estates! This home has an open concept floor plan, two living spaces, a big kitchen, a huge master bedroom, as well as hardwood floors throughout and carpeting in some parts of the house. It is in excellent overall condition and just needs cosmetic work to increase its value significantly. The roof is about 2 years old and the HVAC system is about 5 years old. Good location close to school, shopping, dining, and Highway 635. Perfect place for rentals, light renovation, or for those who wish to personalize a home. Property is being sold AS-IS.

Investor Tools

Property Icon
$306,840
Estimated Property Value
$0Estimated Mortgage Balance
$306,840Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,841 /month
Positive
Cash Flow Estimate:
$614 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$571/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,320
$306,840
2025
$74,750
$232,090
$306,840
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,320
$306,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Unknown
$576,265
No
First
Jun 8, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$574,602
N/A
0%
187%
$3,455/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,940/mo
$3,455/mo
$-515/mo
11.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mesquite

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2005 Spring Mills Rd | Property Details | No Agent List